Overview
What is Grundy Economic Development Council?
The Grundy Economic Development Council is a nonprofit organization situated in Morris, Illinois, specifically at 112 E Washington St. Their primary focus is on fostering economic growth and expansion within Grundy County. They achieve this by concentrating on industrial retention and expansion. As a development organization, they carry out various functions to support the local economy. The council's workforce consists of only four dedicated individuals, working diligently to contribute to the economic well-being of Grundy County.
Official website here: www.gedc.com
Is Grundy Economic Development Council legitimate?
Grundy Economic Development Council is a legitimate nonprofit organization registered as a 501(c)(6) entity. Grundy Economic Development Council submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Other Salaries and Wages: $247,894
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Official website here: www.gedc.com
What is the mission statement of Grundy Economic Development Council?
The Grundy Economic Development Council serves a developmental role within Grundy County. Its primary mission is to facilitate growth and expansion, with a specific focus on retaining and expanding existing industries. The council's activities aim to stimulate economic development within the county, thereby contributing to its overall prosperity. By providing developmental functions, the council plays a crucial role in fostering a conducive business environment.
Official website here: www.gedc.com
What is the revenue of Grundy Economic Development Council?
Grundy Economic Development Council's revenue in 2024 was $449,237.
Official website here: www.gedc.com
Who are the executives of Grundy Economic Development Council and what are their salaries?
The average compensation at Grundy Economic Development Council during 2024 was $49,579. There are 5 employees at Grundy Economic Development Council.
Here are 12 key members and their salaries:
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Official website here: www.gedc.com
Where can I find the form 990 for Grundy Economic Development Council?
Grundy Economic Development Council's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.gedc.com
Learn more at the official website: www.gedc.com
Mission Statement of Grundy Economic Development Council
The Grundy Economic Development Council, in its mission, plays a crucial role in facilitating growth and expansion within Grundy County. This nonprofit organization primarily focuses on industrial retention and expansion, aiming to drive economic development within the region. By providing development functions, the Grundy Economic Development Council is instrumental in contributing to the county's economic growth and prosperity.
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Impact
October, 2024
The Grundy Economic Development Council plays a pivotal role in driving economic growth and development within Grundy County. By focusing on industrial retention and expansion, the Council actively contributes to the economic vitality of the region. Its strategic planning initiatives are geared toward enhancing community improvement, which helps create a robust business environment that attracts new investments and supports existing businesses.
Through targeted efforts to foster industrial growth, the Council influences job creation and workforce development, ultimately improving the overall quality of life for residents. By facilitating connections between local businesses and resources, the Council strengthens the economic foundation of Morris and the surrounding areas, ensuring sustainable development that benefits the entire community.
This information is meant to be a general summary of Grundy Economic Development Council. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $40,030
- Program Service Revenue: $55,812
- Gross Receipts: $449,507
Assets and Liabilities:
- Total Assets: $501,002
- Total Liabilities: $54,456
- Net Assets: $446,546
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUS DEV INCOME
Revenue
$6,438
COMMUNITY RELATIONS
Revenue
$49,374
NEW INVESTMENT INCOME
Organization Details
Founding Year
2002
Principal Officer
Mike Wright
Website
www.gedc.comNTEE Category
Code: S40 - Community improvement
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